“Al Mariah Local Bank” is the first digital bank in the UAE and the region

"Al Mariah Local Bank" announced that it has obtained the official approval of the banking supervisory authorities in the country, to be the first specialized bank in the UAE and the region to serve the local community of the United Arab Emirates using a digital services platform that provides integrated banking products that work within the best financial technology standards.

"Al Mariah Local Bank" will focus on community service for both individuals and companies to achieve the aspirations of the rational leadership of the United Arab Emirates and employ the concepts of future thinking and advanced development based on innovation and technology.

These concepts will also be employed in a manner commensurate with the recent economic challenges in line with the UAE community and by using the latest financial services solutions to reach customers wherever they are through a unique digital banking experience.

“Local Al Mariah Bank” will provide a range of banking services through the channels of the traditional banking system and digitally through the bank’s application.

For example, within minutes, a customer can securely open an account and enjoy smart banking services in a modern and safe way through the fast and flexible infrastructure that has been built with great care and using the advanced artificial intelligence mechanism and electronic linkage with the UAE smart government platform.

The series of financial products and services that the bank will provide will focus on covering a number of gaps that small and medium-sized companies need for good and efficient financial management and achieving their growth and prosperity, in addition to providing smart financial options and plans that effectively contribute to achieving the goal of saving and investment for citizens and residents in the country to do so. The local council plays an important role in the economic and social unity of the United Arab Emirates.

Commenting on the approval of the Central Bank of the United Arab Emirates, Chairman of the Board of Founders Tariq Al Masoud said, "The establishment of the" Al Mariah Local Bank "will effectively contribute to meeting the needs of customers by employing a team of specialized financial experts who will work to raise the financial capabilities of individuals and small and medium companies and support the sustainable growth of society. In a flexible and easy way through the smart application that will be launched soon, God willing.

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